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Showing 21 - 30 of 37 results for "Timbercorp"

Market Wrap - Morning

AAP  |  FRIDAY, 7 AUG 2009
... executive Chris Townsend addresses the American Chamber of Commerce in Australia on "The Scenario You Didn't Test For". Timbercorp forestry scheme growers meet to consider the future of schemes run by the distressed investment group. Resmed Inc and West ...

Market Wrap - Morning

AAP  |  FRIDAY, 31 JUL 2009
... releases its fourth quarter production report and Metal Storm Ltd will hold a general meeting in Brisbane. Members of Timbercorp Group almond schemes are to meet to consider resolutions on the future of the schemes. Myer Pty Ltd chief executive Bernie ...

Agribusiness MIS suffer 77pc drop

RUTH LIEW  |  MONDAY, 20 JUL 2009
First Timbercorp fell, then Great Southern plummeted - fuelling Australia's agribusiness managed investment schemes sector to suffer a 77 per cent decline in invested funds for the last financial year. New figures from the Australian Agribusiness Group ...

Timbercorp investors get $50k aid

RUTH LIEW  |  MONDAY, 13 JUL 2009
Professional Investment Services is hoping its $50,000 donation into the Timbercorp fighting fund and other monetary aid would help up to 80 per cent of Timbercorp investors claw some of their investments back. PIS, which recently poured an additional ...

RE model should be reviewed: PIS

RUTH LIEW  |  MONDAY, 13 JUL 2009
... previous "trustee" model could be a solution to safeguard investors from collapses such as those of Great Southern and Timbercorp. Grahame Evans, managing director of the $15.8 billion Professional Investment Services, said a review of the Responsible ...

Timbercorp growers favour consortium

RUTH LIEW  |  WEDNESDAY, 8 JUL 2009
Timbercorp growers are welcoming talks with a recently formed consortium - TCGrowers - which is looking to buy the embattled agricultural group's forestry assets. According to an update yesterday on the TCGrowers website, the group had received very ...

Timbercorp buy passes sole purpose test

RUTH LIEW  |  MONDAY, 6 JUL 2009
The $1.5 billion First Super, which last week entered a consortium to snap up collapsed Timbercorp's forestry assets, will not be in breach of the sole purpose test if the deal was to be finalised, said a superannuation expert. Michael Vrisakis, partner ...

First Super mulls Timbercorp rescue

RUTH LIEW  |  FRIDAY, 3 JUL 2009
... paper and timber industries, has entered a consortium with South Australia-based Penola Pulp Mill and the management of Timbercorp Forestry to discuss the acquisition of Timbercorp's forestry assets. The consortium, called TCGrowers, also includes a ...

ATO targets loss schemes

RUTH LIEW  |  MONDAY, 1 JUN 2009
... cent discount," said the ATO. Managed Investment Schemes (MIS) are also under heavy scrutiny. The recent collapses of Timbercorp and Great Southern in particular have put agribusiness managed investment schemes in a negative light. According to the AAG ...

Conservative strategies pay for ITC

MICHAEL HOBBS  |  TUESDAY, 19 MAY 2009
Forestry group ITC banks on its prudent business model to ride the crisis facing the agribusiness sector after Timbercorp and Great Southern went into administration. Adam Redman, spokesperson at ITC, said the firm's key business is forestry, a key ...